On August 8th, Twitter's Jack Dorsey payment platform Block reported that revenue growth in the second quarter of this year, driving its share price up 6% in after-hours trading on Thursday. According to the latest quarterly earnings disclosed on Thursday, Block achieved gross profit of $2.54 billion in the second quarter, an increase of 14% year-on-year.
In a separate shareholder letter, the company said it had raised its 2025 gross profit forecast to $10.17 billion, up from an earlier estimate of $9.96 billion. In the second quarter, Block's net profit attributable to common shareholders was $538.46 million, compared with $195.27 million in the same period last year.
Block Q2 gross profit reached $2.54 billion, up 14% year over year
2025-08-08 03:45:30
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